De Minimis Exemption

If a new adviser has a "reasonable expectation" that they would be eligible for federal registration within 90 days, they should submit a notice filing in West Virginia.

Also, Advisers may claim the de minimis exemption from the notice filing requirement if they have no place of business in this state and during any period of twelve (12) consecutive months the Adviser does not have more than five (5) clients who are residents of this state.

Disclaimer

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